2008 Laurens Rd
Greenville, SC 29607

Stan Johnson Company is pleased to offer for sale to qualified investors, $6,185,484 Cap Rate: 6.20% the opportunity to purchase a fee simple interest in the Walgreens property located at 2008 Laurens Road, Greenville, South Carolina (the “Property”). Walgreens is operating under the original lease structure, a 25-year absolute NNN lease with zero landlord responsibilities, allowing investors the ability to acquire a truly passive credit investment. The lease has more than 13 years remaining. Walgreens has been at this location since 2008. The Property is located 3 miles east of downtown Greenville, the largest MSA in the state of South Carolina. According to the U.S. Census Bureau, Greenville was the 4th fastest growing city in the U.S. between 2015 and 2016. Livability recently ranked it one of the Top 10 Best Downtowns in the country, and The New York Times called Greenville “a national model for a pedestrian-friendly city center.” The Property is located within 1 mile of the Greenville Downtown Airport, the busiest general aviation airport in South Carolina. Greenville Downtown Airport operates nearly 100,000 flights annually and provides an economic impact of nearly $70M to the Greenville area. The Property is located at the hard, signalized intersection of Laurens Road and Parkins Mill Road with combined daily traffic of 48,741+ VPD. Sitting in a highly trafficked retail corridor, the Property is positioned near other prominent tenants including The Fresh Market, Wells Fargo Bank, SunTrust Bank, Chick-fil-A, Dunkin’, Zaxby’s, Advance Auto Parts, O’Reilly Auto Parts, Firestone Auto Care, Sunoco, and many more. The Property serves a trade area of 173,934 residents and $85,243 household income within 5 miles and 3 miles of the Property, respectively.